CJ LiveCity Corp., subsidiary of Korean food and entertainment giant CJ Group, together with global live entertainment company Anschutz Entertainment Group (AEG) will build an arena in Goyang City, northwest of greater Seoul area, to accommodate growing K-pop fans across the world.

The 20,000-seat arena dubbed CJ LiveCity will also house a studio complex, a K-pop themed entertainment section and waterfront park, according to the company on Monday.

The arena will be built in collaboration with AEG, world’s leading sports and live entertainment firm that operates iconic venues such as the Staples Center in Los Angeles and the O2 Arena in London.

Once the arena opens, AEG will also help CJ LiveCity curate international and domestic concert programs through its music division AEG Presents, which has promoted tours of world’s biggest artists including Ed Sheeran, Justin Bieber, and Paul McCartney.

“Securing qualified content based on building a world-class facility is a key success factor for the Arena in CJ LiveCity. In this context, the collaboration with AEG, which is one of the world’s leading venue operators and global live music companies, will be one of the most important factors for the arena’s success,” said Michael Kim, chief executive officer of CJ LiveCity.

CJ LiveCity plans to break ground for the new area as soon as it gains administrative approval on its plan from Gyeonggi provincial government.

By Park Chang-young and Cho Jeehyun

[ⓒ Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]